Gonna be real with you, breaking down my process for competitor backlink analysis, it's messy but it works for what I need. Start with Ahrefs or Semrush, export their backlink profiles, then I look for patterns - anchor texts, domains, types of links, when they gained them, etc. Then I cross-check with Moz or Majestic to see if there's consistency or if someone's shady. I dig into the lost links too, gotta know if they got hit or just stopped linking. I also keep a close eye on the referring domains, look for PBNs or suspicious sites, because if I see a lot of low quality or spun domains, I know they're building thin or blackhat stuff. It's all about the trend, not just individual links, so I make a big spreadsheet, label everything, then analyze the gaps, what I can steal or avoid. Honestly, I don't trust any tool blindly, always verify with manual checks or domain history tools., it's about understanding their pattern, not just copying links, but finding weak spots and potential link targets. Test it and see, but this workflow keeps me sane in the chaos.